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Techwave is a global IT services and solutions provider headquartered in Exton, PA, with local offices in Europe, APAC, UAE, and South Africa. Our Global Delivery Center (GDC) is located in Hyderabad, India.

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April 24, 2019

Techwave

How is the Market Adopting Data Warehouse as a Service?

Technological
advances are impacting all areas of the economy. One of the biggest changes in
recent years is the evolution of data warehouse as a service. For those who may
not know, data warehouse as a service is a model in which a service provider or
company both configures and manages the equipment (such as hardware and
software) that a data warehouse requires. In exchange, the customer provides
the data to the service provider and pays for the provider to manage this
service. The market has quickly adopted this model, as various research studies
are anticipating a multi-billion dollar growth in this industry over the next
decade.

Factors
Driving the Growth of Data Warehouse as a Service

There are
several different factors that have contributed to the growth of data warehouse
as a service. Some of these include an increase in the private cloud industry
in addition to the ability of data warehouses to perform advanced analytics on
the data in their possession. In exchange, companies providing the data can
then use this information to make educated and informed business decisions. As
personnel continues to become more familiar with this service model, the growth
of data warehouse as a service should only accelerate.

How
do Businesses and Markets Use this Service?

When businesses
use this data, the goal is always to maximize profits and improve their bottom
line. First, data warehouse as a service often provides reduced overhead costs.
The customer does not have to pay to staff the warehouse, as this is managed by
a separate company. This allows companies to shrink their IT departments and
put this money towards research, development, and increasing inventory. In
addition, those who elect to go with data warehouse as a service have the
ability to negotiate with the service warehouse for increased storage capacity,
improved throughput, and better performance. Better yet, businesses have the
ability to scale these requirements as their business grows and their needs
increase. In this fashion, companies are able to scale easily, renegotiate when
needed, and only pay for what they require.

The
Growth of Data Warehouse as a Service Moving Forward

As the cloud
continues to grow, the global economy becomes more connected, and the
technology and analytics improve, companies are only going to rely on these
service warehouses even more. The ability to cut overhead costs by
consolidating their data under one roof offers numerous benefits. Furthermore,
as the security of this data becomes more important than ever before, companies
are going to lean on the expertise of specialists who can cost-effectively
safeguard their information. It is important for companies to take
advantage of these technological advances because they offer a solid return on
their investment.

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Techwave is a leading global IT services and solutions company revolutionizing digital transformations. We enable clients to maximize their potential and achieve a greater market with a wide array of technology services, including, but not limited to Enterprise Resource Planning, Application Development, Analytics, Digital, and the Internet of things (IoT).